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Market Potential for Level 4 Autonomous Trucks in the United States-Last-mile B2C Delivery

Market Potential for Level 4 Autonomous Trucks in the United States-Last-mile B2C Delivery

  • November 2022
  • 71 pages
  • ID: 6368647
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

Autonomous trucks are the next logical step to overcome logistics bottlenecks and match pace with the rapidly changing freight carriage ecosystem.

Unlike human drivers, who must limit their operating hours to remain safe, autonomous systems can operate trucks 24-7, increasing commodity flow in the freight value system.

Several leading automotive OEMs have taken the initiative to develop and test their autonomous technologies, while some have invested in emerging technology start-ups.

The Society of Automotive Engineers (SAE) defines 5 levels of vehicle automation.

The higher the level, the higher the transfer of driving responsibility to machines, with L4 and L5 being very high automation.

Each segment of transportation has scope for automation.

The level of complexity varies, but for journeys ranging in length, from last-mile delivery and utility applications within a city to interstate long-haul transport, automated vehicles can change the transportation landscape.

This report focuses on the last-mile B2C delivery segment, where the product reaches the customer’s location.

It can include food and groceries from a neighborhood store or eCommerce parcels from local fulfillment centers.

The routes are usually multistop, with deliveries at multiple customer locations in a single trip, and the weight of the goods varies.

The report analyzes application-wise retail sales data in the last-mile B2C delivery segment to calculate the potential total vehicles in operation, catered by Class 1 to 6 commercial vehicles.

The total autonomous addressable market (TAAM) and the share of autonomous adoption within the addressable market (SAAM) are calculated for 2022, 2030, and 2040 by grass root analysis of each metropolitan area and phase-wise segregation of adoption.

Per the analyst estimates, by 2040, 31.4% of the last-mile B2C delivery segment will be catered by autonomous Class 1 to 6 vehicles, and the total autonomous revenue will be approximately $69.98 B.

Author: Christus Divyan

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